Same-week MCA funding is usually a documentation and verification issue, not a credit-score issue. Your deposits and trends matter more than your FICO. Understanding the difference between approval, contract signing, and funding disbursement is critical.
Approval means an underwriter reviewed your statements and offered terms. Contract signing means you agreed to the factor rate, holdback, and total payback. Funding
If you need financing for your business in 2026, understanding current SBA loan interest rates can save you thousands of dollars. In 2026, SBA 7(a) interest rates are generally priced as a base rate (usually Prime) plus a lender spread, with SBA-set maximum caps that depend on loan size and whether the rate is fixed or variable. This guide provides
How a Business Line of Credit Works Picture this scenario. You’re approved for $50,000. Two weeks later, you draw $12,000 to cover payroll. Interest starts accruing on that $12,000 immediately, but your available credit still shows $38,000. When you repay $5,000 next month, your available credit will increase to $43,000 without reapplying. That’s the core mechanic of revolving credit. A
Running a small business means keeping expenses in check while still stocking up on the necessary supplies to operate smoothly. For many owners, wholesale clubs like BJ’s Wholesale Club offer significant savings by allowing bulk purchases at discounted prices. To make those savings go further, BJ’s also provides its own line of business credit cards, which reward you for BJ’s
What are Online Business Loans? Online business loans are financing products that small businesses can apply for and manage entirely online. They’re offered primarily by online lenders and alternative financing companies, though some traditional banks now offer digital loan programs. What makes them unique is their streamlined application process, faster funding times, and often more flexible eligibility requirements compared to
Dump truck loans cover the cost of the vehicle, allowing borrowers to make fixed monthly payments over a set period. At the end of the financing term, you own the truck outright. Small business owners can use different business loans to purchase a dump truck, but equipment loans are the most common.
Self-employed individuals can access small business loans, just like other business types. However, business loans for self-employed may differ in loan amounts and terms compared to loans for other entity types. These differences can stem from the variable income nature of self-employment.
Self-employed people can utilize small business loans for various purposes, such as purchasing inventory, acquiring equipment, expanding their
A delayed draw term loan is a type of loan in which the borrower can draw funds incrementally at different times during the drawdown period. This loan offers flexibility to borrowers, as they can choose when to access the funds.
The borrower is not required to use the entire loan amount upfront, unlike traditional term loans. Instead, they can draw
Financing a mobile or manufactured home community involves obtaining loans to purchase or improve the property. Lenders consider factors such as the park’s location, condition, and revenue potential. Government agencies may also provide assistance or financing options for these communities.
Lenders may offer various financing options, including traditional real estate loans, government-backed loans, or specialized mobile home park loans. The
Alternative business financing refers to funding options for businesses outside traditional bank loans. Non-bank lenders, such as online lenders, peer-to-peer lending platforms, and crowdfunding websites, typically offer these alternative financing options. These lenders provide access to capital for businesses that may not qualify for a bank loan due to factors like limited credit history, short time in business, or unconventional
